Atlantic Union Bankshares Co. $AUB Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 6,808.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,532,473 shares of the company’s stock after buying an additional 1,510,289 shares during the quarter. SG Americas Securities LLC’s holdings in Atlantic Union Bankshares were worth $54,096,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Atlantic Union Bankshares by 24.5% during the 2nd quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after buying an additional 1,457,647 shares in the last quarter. North Reef Capital Management LP boosted its position in Atlantic Union Bankshares by 35.0% in the 3rd quarter. North Reef Capital Management LP now owns 3,713,604 shares of the company’s stock valued at $131,053,000 after buying an additional 963,604 shares during the period. American Century Companies Inc. grew its stake in shares of Atlantic Union Bankshares by 7.8% in the third quarter. American Century Companies Inc. now owns 2,393,318 shares of the company’s stock worth $84,460,000 after acquiring an additional 174,122 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Atlantic Union Bankshares by 10.4% in the second quarter. Westwood Holdings Group Inc. now owns 2,376,734 shares of the company’s stock worth $74,344,000 after acquiring an additional 224,267 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Atlantic Union Bankshares by 36.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock worth $66,548,000 after acquiring an additional 565,564 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stephens lifted their target price on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Piper Sandler upped their price target on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Zacks Research upgraded Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Raymond James Financial set a $45.00 price objective on Atlantic Union Bankshares in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock opened at $34.95 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $38.11 and a 200-day simple moving average of $35.98. The stock has a market cap of $4.98 billion, a P/E ratio of 15.26 and a beta of 0.82. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. Equities analysts expect that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.37 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.2%. Atlantic Union Bankshares’s dividend payout ratio is presently 72.55%.

Atlantic Union Bankshares Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.